Category: Business News

Amazon on Tuesday unveiled a suite of artificial intelligence models in its boldest move yet to compete with rival tech giants in the fast-growing generative artificial intelligence sector. The launch of its own line of core models marks Amazon’s latest attempt to strengthen its position over its predecessors Microsoft, GoogleMeta and OpenAI, creator of ChatGPT….

An elaborate parody appears to be behind the effort to revive Enron, the Houston-based energy company that exemplified the worst of American corporate fraud and greed after it went bankrupt in 2001. If his return is comical, some former employees who lost everything in the Enron collapse are not laughing. “It’s a pretty sick joke…

When Walmart CEO Doug McMillon needs a bottle of wine, he doesn’t have to wait long, thanks to a fleet of drones servicing his neighborhood in Bentonville, Arkansas. Speaking of yesterday Morgan Stanley At the Global Consumer & Retail conference in New York, McMillon told the story of when his wife was cooking chicken marsala…

Yoon Suk Yeol promised that as South Korea’s president, he would “rebuild this great nation” into one “that truly belongs to the people” when he delivered his inaugural speech in May 2022. Instead, his presidency has been marked by growing unpopularity and political dysfunction, culminating Tuesday in his declaration of a national state of emergency…

SAN FRANCISCO—Allan C. Thygesen, President and Chief Executive Officer of Docusign, Inc. (NASDAQ:DOCU), has sold a significant portion of its common stock, according to a recent filing with the SEC. On December 2, Thygesen sold a total of 7,763 shares of Docusign stock, valued at approximately $625,238. Shares were traded at prices ranging from $79.87…

Despite Mark Zuckerberg praising Meta’s Llama AI model as one of the best in the technology, his company is happy to use a rival when necessary. Meta’s internal coding tool, Metamate, incorporates OpenAI’s GPT-4 model, along with Meta’s own Llama model, to make the tool more useful for developers and other Meta employees who use…

Author: Cynthia Kim SEOUL (Reuters) – South Korea’s finance ministry said on Wednesday it was ready to deploy “unlimited” liquidity to financial markets if needed after President Yoon Suk Yeol lifted an overnight state of emergency that pushed the won to a multi-year low the lowest level. The announcement came after Finance Minister Choi Sang-mok…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. A convicted former minister vowing revenge against conservative President Yoon Suk Yeol helped the South Korean leader suffer a landslide defeat in parliamentary elections. Former Justice Minister Cho Kuk, convicted on corruption charges after Yoon investigated…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It was shocking enough that Donald Trump chose one of his daughters’ father-in-law to be the US ambassador to France and another to be his envoy to the Middle East. The first, Charles…

Stay informed with free updates Simply log in to the US economy myFT summary — delivered straight to your inbox. It is the best among countries, it is the worst among countries, or at least among high-income countries. The USA stands out for its prosperity and brutality. I’ve felt this way about it since I…